Survey points to property investment market pick-up

The survey of real estate agents found 32% of respondents believe there are more investors looking for properties than a month ago.

"Perhaps if anything the results suggest that in spite of the tax changes on April 1 investors remain interested in purchasing," the report said.

The survey also found 50% say the number of first home buyers has increased, with the report saying reduced interest rates and changes to bank lending criteria may be behind the increase.

"We suspect the cut in interest rates and recent easing of bank lending criteria could be playing a role here - more so than for investors who are probably not being as willingly welcomed as yet by banks as first home buyers are. Hence the 50% net response for first home buyers versus a 32% net positive result for the investors question."